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Tata Group invests $14 billion in chip manufacturing, with Intel as the first major customer.
Summary
Tata Group's electronics-manufacturing arm is investing approximately $14 billion in a chip manufacturing venture. This marks a significant development in India's semiconductor industry, potentially boosting domestic manufacturing capabilities and reducing reliance on imports.
Key Points
- Tata Group's electronics-manufacturing arm is investing $14 billion.
- The investment is for a chip manufacturing venture.
- Intel is the first major customer.
- The Tata Group is a 156-year-old conglomerate.
Full Article
The electronics-manufacturing arm of the 156-year-old salt-to-software Tata group is investing about $14 billion
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